Since 1998 housing reform, real estate has promoted the long-term economic development of China. In 2003, the status of real estate industry as a pillar industry of China's economic development was officially confirmed. It is still the main engine to maintain China's economic growth.
According to the report of Han Yizhiku, 2008-20 17 was the "golden decade" for the development of the real estate industry. In the past ten years, the industry has enjoyed a large number of policy dividends, large and small housing enterprises have grown rapidly, and the sales scale has continuously reached new heights, creating a lot of profits.
The added value of real estate industry increased from14,738.7 trillion yuan in 2008 to 53,850.7 trillion yuan in 20 17, and its proportion in the total GDP increased from 4.6% in 2008 to 6.5% in 20 17.